The last weekly summary includes a large number of important developments, from Vitalik Buterin’s criticism of the digital identity of Worldcoin to the final curtain in the legal drama Ripple-SEC. Robinhood made waves by introducing futures of micro cryptography, while state governments and treasure companies continued to double in Bitcoin.
With regulatory shifts, technological improvements and institutional plays that develop simultaneously, the cryptographic panorama is evolving faster than ever. Here is your summary of the biggest stories you need to know.
BUTERIN raises concerns about the world’s digital identity approach
- Ethereum (Eth) Vitalik Bterin co -founder published on Saturday mail Expressing reservations on digital identity projects such as World, which claims to have more than 13 million “unique humans” as verified users.
- Buterin specifically discussed the risks and rewards of digital identification projects that use zero knowledge tests. He argued that platforms such as the world supported by Sam Altman could eliminate the pseudonym that many Internet users, particularly in cryptocurrency, value.
Ripple and SEC conclude the long -term legal battle
- Ripple Ceo Brad Garlinghouse revealed that the company will withdraw its cross appeal, while the SEC is expected to withdraw its appeal as indicated above.
- Garlinghouse declared in X that Ripple is “closing this chapter once and for all, and focusing on the most important: build the internet value.”
Robinhood launches micro cryptocurrencies
- The digital broker aggregate Micro XRP (XRP) and Solana (SUN) Future to its platform on Friday.
- The company also introduced a micro version of its existing bitcoin (BTC) Offer of futures, which provides smaller position sizes for retail investors.
Bakkt files for the offer of values of $ 1 billion
- Bakkt Holdings Digital Assets Platform notified The SEC of the plans to sell up to $ 1 billion in values to provide capital for the possible expansion of the Bitcoin Treasury.
- The presentation of the S-3 on Thursday creates a flexible group of values, including ordinary shares, preferred actions, debt values, orders and units of grouped actions that can be used when market conditions become favorable.
Metaplenet makes the third largest bitcoin purchase
- Japan Bitcoin Treasury firm with headquarters acquired Additional 1,234 bitcoin worth almost $ 132 million.
- The company paid 15,617,281 yen per Token, approximately $ 108,129 to current exchange rates.
Kraken expands with the application of payments and the EU license
- The exchange with headquarters in San Francisco launched Krak on Thursday, an application of payments equal to the same as compete with Cashapp and Venmo.
- Separately, Kraken received Authorization to operate in Ireland under the regulation of EU markets in cryptographic assets (MICA).
Sofi announces the return to cryptocurrency trade
- The financial services company based in San Francisco revealed Wednesday will resume the supply of custody services and trade of cryptocurrencies at the end of this year.
- Users can trade and maintain popular cryptocurrencies, including Bitcoin and Ethereum through the Sofi platform.
Ripplex launches the main network update
- XRP accounting book development team has launched Version 2.5.0 of “Rippled”, the reference implementation of the network.
- The new amendments are currently available to vote through the Ledger XRP amendment procedure, which requires two weeks of support of more than 80% of the reliable validators for protocol changes.
Sharplink Gaming continues the accumulation of Ethereum
- The Minnesota headquarters with headquarters done Its second ETH purchase between June 16 and 20, acquiring 12,207 ETH for approximately $ 30.7 million.
Ledger ensures the first professional sports sponsorship
- Accounting Book joined An agreement of several years with the San Antonio Spurs, which marks its first sponsorship agreement of professional sports uniform.
- The Ledger logo patch will appear in the team’s shirt from this week during the NBA draft.
Pompliano procap acquires Bitcoin Holdings initial
- Anthony Pompliano’s recently revealed Bitcoin Treasury Company ProCap has bought its first 3,724 BTC at an average price weighted for the time of $ 103,785 per currency.
- The acquisition was valued at approximately $ 385 million. The company eventually accumulates Bitcoin worth $ 1 billion.
The strategy adds a modest purchase of Bitcoin
- The largest Bitcoin Holding company in Bitcoin Holding acquired Additional 245 BTC for $ 26 million.
- This purchase carries the total holdings of the strategy to 592,345 BTC.
Texas establishes the Bitcoins State Reserve
- Governor Greg Abbott signed The Senate Law 21 project on Friday, officially creating the strategic Bitcoins Reserve of Texas and makes it the third state of the United States to establish this program.
- The reserve is designed to serve as a “coverage against inflation and economic volatility”, with the comptroller of the state authorized to buy, sell, maintain or administer investments within the reserve.
